U.S. investors have reportedly been involved in a major percentage of all investments into China’s artificial intelligence projects, raising national security concerns. American investors like Goldman Sachs were implicated in at least 37 percent in AI deals made in Communist China. Their investment in AI technologies could be misused by the Chinese military to defeat the United States.
It New York Post writes that according to a recent report by Georgetown University’s Center for Security and Emerging Technology, between 2015 and 2021, US investors participated in at least 37 percent of all investment transactions in China’s AI sector. The total amount is $40.2 billion. Most of this was spent in venture capital and early stage companies. The potential military implications of this technology and the possible impact of China’s Communist Party on these businesses are both of concern to US officials.
Soldiers of China’s People’s Liberation Army march on Red Square during a military parade (PAVEL GOLOVKIN/POOL/AFP via Getty Images)
David Solomon, Goldman Sachs Chairman and CEO speaks at the Milken Institute Global Conference in Beverly Hills on May 2, 2022. (PATRICK F. Fallon/AFP via Getty Images
According to the Georgetown Organization’s report, US investment accounted for 17 percent of global transactions and 37 percent of total funding. These figures suggest that US investment is particularly advantageous to Chinese AI companies. Goldman Sachs made the largest investment in 1KMXC, an AI-enabled robots company. Geek+, an autonomous mobile robot manufacturer from the USA, was also funded by three venture capital funds.
US officials have expressed concern about how US investments in China’s AI industry might affect China’s military. Analysts predict that AI will significantly influence China’s military innovation and future warfare tactics. According to US officials, intellectual property is lost by the US each year of up to $600billion due to Chinese spying.
Another concern is the impact of China’s Communist Party on Chinese companies receiving US investment. Chinese companies must establish CCP cells (Chinese Communist Party), and support CCP security agents. It is also unknown how the CCP’s embedding of its members into every company and organization will impact the businesses receiving US investments.
Learn more on the New York Post here.
Breitbart news reporter Lucas Nolan reports on issues such as free speech and onlinecensorship. Follow Lucas Nolan on Twitter @LucasNolan
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